Affordable American Insurance Expands with Gauge Capital Investment
Strategic Investment Fuels AAI's Expansion Plans
Affordable American Insurance (AAI), a prominent insurance network headquartered in Colorado, has secured a strategic growth investment from Gauge Capital. Known for its technology-driven platform, AAI supports independent agencies nationwide by providing comprehensive services. This latest investment aims to expand AAI's national footprint through strategic acquisitions and organic growth efforts. It will also facilitate further investment in resources and personnel, thereby enhancing support for existing partner agencies.
Chris Fernandez, who continues his role as President and CEO, maintains significant ownership following AAI's recapitalization. Fernandez, alongside the management team, will lead the company's continued strategic initiatives. "Partnering with Gauge Capital propels us into our next growth phase while upholding our mission and vision for market leadership," he stated. "This collaboration equips us with the capital and resources necessary to advance our strategic growth initiatives and continue delivering exceptional service."
Insights from Gauge Capital
Sam Smith, Principal at Gauge Capital, commented on the partnership, "Chris and the AAI team have developed a distinctive agency network with robust carrier partnerships and promising growth prospects. We are impressed by AAI's disciplined growth strategy and their commitment to supporting agency partners. We are eager to support AAI’s journey in this new growth chapter."
Under Fernandez's leadership, AAI has evolved from a family-run business into a professionally managed network. His earlier roles as Chief Technology Officer and Chief Operating Officer were instrumental in enhancing AAI’s proprietary technology and operational scale. Since becoming CEO in 2023, Fernandez has led strategic acquisitions, including the notable purchase of Affordable Insurance, a leading personal lines agency in Arkansas.
About Affordable American Insurance (AAI)
Founded in 2005, AAI operates as an extensive insurance agency network platform supporting independent property and casualty agencies across approximately 40 states. The platform offers vital services, including centralized operational, legal, and technological support, along with access to broad carrier appointments and profit-sharing schemes. AAI also maintains an internal agency with a dedicated support team to manage its own business portfolio.
About Gauge Capital
Based in Southlake, Texas, Gauge Capital is a middle-market private equity firm renowned for its investments in sectors such as business services, food and consumer products, government and industrial services, healthcare, and technology. Managing over $3 billion in capital, the firm has earned recognition as a top-friendly investor for founders, illustrating its commitment to empowering management teams.
For further details, contact Ross Haskett, VP of Sales at ross.haskett@affordableamericaninsurance.com.